Jennings is one of five defendants alleged to have sought to benefit from Kremlin abuses of the market system and the rule of law when Yukos Oil Company was broken up.Jennings denies the allegations and is defending the claim. The other company involved in the Tatu City Land dealings, Tatu City Limited is said to have evaded tax amounting to Ksh5.1 billion.In the same petition, over 1,300 local shareholders claim they bought shares from the two companies – Tatu City Ltd and Kofinaf Company Ltd – in 2007 for Ksh200,000 each at the firms’ invitation, but have not been compensated for their investments despite a court order.In 2016 a multi-agency task-force comprising representation from the Ethics and Anti-Corruption Commission, Directorate of Criminal Investigation, Office of the Director of Public Prosecutions among others was formed to investigate Tatu City, but the report of its findings is yet to be made public or made available to genuine owners of the land.Get the best viral stories straight into your inbox!Get the best viral stories straight into your inbox!How Foreigner Stephen Jennings Swindled KRA Ksh6.5 Billion, Conned Shareholders And Clients of Tatu CityTwitter Creates ‘Lite’ App To Save Users Data ExpensesMP Anthony Oluoch Wants Fresh Inquiry Into Contaminated Sugar Saga 11486 which was transferred to Meteor Properties Limited on June 12, 2013, for Ksh340 million then charged to Cooperative Bank one month later for over Ksh1.1 billion.L.R. Any errors to correct?

Why? Stephen has 6 jobs listed on their profile. Stephen Jennings is a pioneer of capital markets in Africa and Central & Eastern Europe, responsible for over $200 billion of investment flows to these regions. His grabbing of Tatu City land grabbing and fraudulent sales was a matter of life and death for him. Since 2012, Renaissance Capital has been part of ONEXIM Group, one of the largest private investment holding companies in Russia, owned by Russian billionaire Renaissance Capital offers investment banking services in debt and equity capital markets, M&AThe firm has assets worth approximately $3,5 billion and equity of around $433 million, as of the end of 2019, and reported full-year net profit for 2019 of $54,5 million.Renaissance Capital was established in 1995 by a group of founding partners, including Stephen Jennings, On September 22, 2008, ONEXIM Group and Renaissance entered into a strategic partnership whereby ONEXIM Group purchased a 50% (minus one share) stake in Renaissance Capital for $500 million following the issuance of new equity, commenting that the acquisition “presents the opportunity to take Renaissance Capital to the next level”.In 2010, Renaissance Capital paid 207 million rand ($27 million) to acquire Barnard Jacobs Mellet Securities Ltd., the South African stock brokerage.In November 2012, ONEXIM Group acquired further stakes in Renaissance Capital which resulted a full ownership of the investment bank and indirect ownership of an 89% stake in the consumer finance bank Renaissance Credit. The defence document filed on Jennings' behalf labels the claim against him as "misconceived and vexatious." Any insight or views on what might happen next or what should happen next? Yukos Finance was the indirect owner of about US$1.5 billion in cash principally from the sale of a stake in a Lithuanian oil refinery, and a 49% stake in Transpetrol A.S., a company "organised under the laws of the Slovak republic" that owned and operated part of an oil pipeline from Russia to Slovakia and beyond.The only participants in the 'lot 19' auction were Promneftstroy, which was incorporated at the instigation of Rosneft and owned by a Rosneft subsidiary, and Versar, a Russian incorporated shell company incorporated under Russian laws that had participated unsuccessfully in Yukos Oil bankruptcy auctions.The lot 19 auction was held on August 15, 2007. It also notes internal RenGroup emails referred to by the claimants, saying these must have been obtained illegally. He wraps his body into contortions to fit his limbs into his chair in his central Moscow office.